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2:48
YouTube
Edspira
Lease Classification for Lessee | IFRS 16
IFRS 16 requires lessees to capitalize all leases, with two exceptions: (1) short-term leases (lease term of 12 months or less) (2) leases of low-value assets (fair market value of the leased asset is $5,000 or less at the beginning of the lease) If the lease meets either of these two exceptions, the lessee can choose not to capitalize the ...
5.8K views
Jun 17, 2021
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